Life settlement law has been implemented in the State of California. California becomes the 37th state to adopt life settlement regulation. This life settlement law supports strong consumer protections, including licensing of settlement companies and brokers, strong consumer disclosures and measures to detect and prevent illegal policies issued by strangers.
According to recent reports 9 of 10 life insurance policies issued are lapsed or surrendered. As Californians struggle in these economic times, many are not able to maintain their policies. A life settlement is a viable option that is now much more protected by life settlement law across the country and now in California.
If you are struggling to maintain your policy, or your policy is no longer needed or performing as it should, consider a life settlement. It is becoming more likely than not that you will be protected by a new life settlement law. For more information click the LivePDQ link above!